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Sunday, February 5, 2017

What is ASBA? Application Supported by Blocked Amount - Back to Basics

Q. What is “ASBA”?
A. ASBA means “Application Supported by Blocked Amount”. ASBA is an application
containing an authorization to block the application money in the bank account, for subscribing to an issue.

If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn/failed


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